Sun Capital has acquired Archibold, Ohio-based Arrow Tru-Line Inc, a maker of garage door hardware and fittings. No financial terms were disclosed.
BOCA RATON, FL – January 26, 2017 – Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that an affiliate has completed the acquisition of Arrow Tru-Line, Inc. (“Arrow” or “the Company”), the market-leading manufacturer and distributor of garage door hardware and fittings. Terms of the private transaction were not disclosed.
Founded in 1970, Arrow Tru-Line has built its brand on providing a wide range of high-quality products for both residential and commercial customers. The Archbold, Ohio-based Company currently operates two plants and four distribution centers in the U.S. and Canada.
“Our investment in Arrow Tru-Line is an exciting opportunity for Sun Capital to leverage its resources and expertise to drive growth,” said Marc Leder, Co-CEO at Sun Capital. “We are looking forward to working with Management to further expand Arrow’s market share.”
Arrow Tru-Line is the leading independent manufacturer and supplier of critical hardware components for the U.S. sectional overhead door market. The Company sells to OEMs, dealers, and distributors. Sun Capital sees considerable potential to grow the business through maximizing operational efficiencies and reducing procurement costs.
“Arrow Tru-Line’s position as the leading player in this space is a testament to the quality of the products, high level of customer service, and hard work of the Company’s entire organization,” said Jeremy Stone, Managing Director at Sun Capital. “We’re excited to partner with them to support and accelerate the Company’s success.”
Sun Capital has strong experience in related industrial manufacturing and distribution sectors through current affiliated portfolio companies including Demilec, the North American leader in spray polyurethane foam insulation; Bundy Refrigeration, a manufacturer and supplier of fluid carrying cooling system components for the domestic refrigeration industry, and Flexitech, the leading global designer and supplier of high quality brake hose products for the automotive industry.
About Sun Capital Partners, Inc.
Sun Capital Partners is a global private equity firm focused on identifying companies’ untapped potential and leveraging its deep operational and financial resources to transform results. Sun Capital is a trusted partner that is recognized for its investment and operational experience, including particular expertise in the consumer products and services, food and beverage, industrial, packaging, chemicals, building products, automotive, restaurant and retail sectors. Since 1995, Sun Capital has invested in more than 340 companies worldwide across a broad range of industries and transaction structures. Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates in London, Frankfurt and Shenzhen.